Economic Development

Vanderbilt University

24 months
1967 USD/credit
1967 USD/credit
Tuition fee
Apply date
Start date


The mission of the Graduate Program in Economic Development (GPED) is to provide leaders and policy-makers with the tools they need to better understand the process of economic development, enabling them to help craft policies that expand the opportunities and achievements of people.

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The program leads to the M.A. degree in economics and is designed to meet the needs of participants that come from a diversity of backgrounds all over the world. It provides training that is appropriate for pursuing a variety of career paths, including careers in government, international organizations, academia, non-profit organizations, or the private sector.

Top Reasons Why Students Choose GPED

  • Course Flexibility. Course schedule can be individualized according to each student's particular needs. Students may take electives which relate to their programs such as business and finance courses from the Owen Graduate School of Management; Management of Technology courses in the Engineering School; International Education Policy courses from Peabody College; courses from Latin American Studies, Public Health, and Political Science.
  • GPED Forum. A new seminar series, the "GPED Forum" was established in 2013.  Prominent thinkers (including GPED alumni) from academia, policy organizations, think-tanks, corporations, as well as non-profit organizations, visit us for a day and give a one hour lecture on a topic related to their field. Time is also allotted for GPED students to meet these top economists and interact with them.
  • Class Size. There are typically 10 to 35 persons in courses offered to GPED students.
  • Alumni Network. Since its beginning in 1956, the program has maintained a strong network of alumni from more than 125 countries.
  • Free Tutoring services. GPED students are provided with tutoring services at no additional charge.
  • Program Assistance. GPED staff provide general assistance to students including airport pick-up and help with locating suitable housing and furnishings. The International Student and Scholar Services staff are happy to answer questions regarding visas and immigration status, work permits, and Optional Practical Training.
  • Vanderbilt Community.  Sarratt Student Center, the Student Recreation Center, the Student Health Center, as well as other facilities, are user friendly and easily accessible.
  • Job Opportunities on campus. There are many opportunities for students to work on campus. Students often work in one of the Libraries, the Student Recreation Center, Residence Life or Dining Services. 
  • Nashville. Vanderbilt University is located in a beautiful and safe city with a mild climate and moderate living expenses. The population is approximately  600,000.

Programme Structure

Courses included:

  • Microeconomic Theory
  • Macroeconomic Theory
  • Investment Analysis
  • Financial Management

Key information


  • Full-time
    • 24 months

Start dates & application deadlines


IELTS or TOEFL needed


On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
7 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
88 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.

Other requirements

General requirements

  • Unofficial copy of transcripts from prior undergraduate and graduate work (official final transcripts are required only after an offer of admission is made and accepted)
  • GRE scores.* You may self-report scores on your application; if you are admitted, official scores must be submitted before enrollment.
  • Official TOEFL or IELTS scores for international applicants* (this requirement may be waived for applicants who have earned a degree from an English-speaking institution)
  • Statement of purpose
  • Three letters of recommendation (academic references preferred)
  • Optional: résumé or CV (following these instructions: 

Tuition Fee

  • International

    1967 USD/credit
    Tuition Fee
    Based on the original amount of 1967 USD per credit and a duration of 24 months.
  • National

    1967 USD/credit
    Tuition Fee
    Based on the original amount of 1967 USD per credit and a duration of 24 months.

Tuition per credit hour.


There is very limited aid—in the form of a few partial tuition scholarships—for students. International students should look for the financial aid information on International Student & Scholar Services website.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Economic Development
Vanderbilt University